12/10/2025 Corn vs Beans Tug-Of-War

12/10/2025 Click Above to Watch the Morning Market Talk Video Corn vs Beans Tug-Of-War On the Grains Corn futures pivoted around unchanged overnight, while soybeans extended their recent sharp losses. Winter wheat markets traded lower, while spring wheat was mixed.USDA delivered bullish news for corn on Tuesday as it raised the 2025-26 export forecast by 125 million bu. to a record 3.2 billion bushels. That’s a major change, especially for December. While exports were record-strong throughout the first quarter of the marketing year, 3.2 billion bu. is a lofty target. USDA cut projected global corn carryover more than anticipated due to the bigger-than-expected U.S. reduction. Global corn stocks are now forecast to decline 14.2 MMT from 2024-25. Despite neutral data for soybeans (unchanged U.S. ending stocks instead of an expected increase) and virtually no change to global carryover, soybeans continued to descent on the charts. Corn’s biggest challenge near-term is the technical breakdown and liquidation pressure in the soybean market. I doubt corn is strong enough to withstand a persistent selloff in soybeans. USDA made no changes to the U.S. wheat balance sheet (a slight decrease in ending stocks was expected) and raised world wheat ending stocks more than expected…